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Jun 21, 2013 1:40am PDT
you think? >> she'll always know where she is headed. let's begin with worries about the economy here and around the world. >> overseas markets are lower this morning after a drop in the dow. here with more is abc's marci gonzalez. >> reporter: from the opening bell, deja vu of plunging stocks. the worst day of the year on wall street with the dow dropping by more than 350 points at the close. the second consecutive day of stunning selloffs. >> people start panicking. so they sold. >> reporter: investors say the drop is largely due to of all things good news about the economy. federal reserve chairman ben bernanke announcing if the economy continues improving the central bank could soon begin winding down its stimulus program which pumps $85 billion into the market each month to keep it afloat. >> we have had training wheels on our economy quite some time now. we are getting word the training wheels are going to have to come off, slowly come off. we are going to see if we can ride this bike on our own. >> reporter: market uncertainty has had some impact, leading to mortgage rates clim
Jun 19, 2013 1:40am PDT
reserve waiting to see if it will keep programs in place to support the economy. stocks closed higher yesterday. that could change as investors find out whether or not, fed chair, ben bernanke will scale back on the $85 billion in bond purchases to hold down loan rates. >> wind whipped wildfire burning close to hundreds of homes north of phoenix. the fire started near prescott, wind gusts 22 miles an hour pushing that fire to 200 acres within an hour. residents told to evacuate. others told to be ready in case. >> things are heating up in brazil where anti-government protesters have been clashing with riot police. an estimated 240,000 protesters took to the streets in ten cities across brazil. anger fueled over government corruption, high taxes and the country any notoriously poor infrastructure despite an economic boom. >> a look at your weather -- stormy day in the pacific northwest. hot, dry in the southwest. strong winds for arizona and new mexico. pleasant day in the northeast. low humidity and bright blue skies. >> 90 or above for the south. north dakota to oklahoma. east
Jun 20, 2013 1:40am PDT
to the economy. news that the days of record low interest rates will soon be over. federal reserve chairman ben bernanke says the economy is improving so much the fed will end its stimulus programs next year. the prospect of higher rates for mortgages and car loans sent stocks into a tailspin with the dow losing more than 200 points. >>> a new documentary is fueling controversy over a devastating plane crash in 1996. twa flight 800, exploded over long island on its way to paris killing all 230 people on board. a four-year investigation that included piecing the plane back together, determined that a faulty fuel tank brought the plane down. six people involved in that investigation claim there is a cover-up. >> it was either a terrorist attack that they wanted to ignore or an accident as a result of military operations that went wrong. >> i find that ridiculous, quite frankly. everything i heard so far is just a rehashing of old speculations, if you will, that don't match the facts of the investigation. >> all right, former investigators have now petitioned the ntsb to receive reope
Search Results 0 to 2 of about 3